BOHANON & CUROTT: A leisure and hospitality revolution is coming
We suspect firms relying on $8-an-hour labor will soon find their business models unworkable. They will either die or adopt technological innovations that economize on scarce labor.
Economic Analysis
Articles
BOHANON & CUROTT: Ranked voting: Should Indiana consider it?
Designing good voting procedures is crucial to well-functioning democracy. Rank voting is an interesting option.
Bohanon and Curott: Tariffs are easy to impose but hard to remove
Now would be a particularly good time to get rid of Trump’s tariffs, as the economy is experiencing widespread shortages and rising inflation.
Bohanon & Curott: The cost of ransomware attacks and prevention is high
It is hard, if not impossible, for the U.S. government to impose criminal sanctions on hackers burrowed in countries openly hostile to the United States, such as North Korea, Russia or Iran.
Bohanon and Curott: Understanding the fungibility of US foreign aid
To the extent Hamas spends some of its resources on providing humanitarian aid, an expansion of the United States’ humanitarian aid enables Hamas to divert some of its resources to expand militarization.
Bohanon & Curott: Consumer price index changes justify inflation concerns
The Treasury and the Federal Reserve are spinning the story that the CPI spike was more a by-product of unique COVID related realities than an underlying indication of a rising rate of inflation.
Cecil Bohanon & Nick Curott: Economic fix requires more than jobless reforms
The problem is not so much a lack of available jobs.
Bohanon & Curott: Taxing capital gains like job income is bad idea
Taxing dividends and capital gains encourages too much consumption and too little savings, which is to the long-term detriment of households and the larger economy.
Bohanon & Curott: Inflation higher than 4% is likely in next five years
Inflation is certain to rise unless the Fed removes some of the newly created money from circulation as velocity rises.
Cecil Bohanon & Nick Curott: Japan’s stakeholder capitalism should be warning
Since World War II, the Japanese have made corporate employment a mutual life-long commitment—shareholder interests be damned.
Cecil Bohanon & Nick Curott: COVID-19 risks outweigh those associated with vaccine
But as we understand, vaccine complications, sometimes leading to deaths, are a risk for all vaccinations.
Bohanon & Curott: Is income inequality actually income envy?
We are all much more likely to believe we are not getting what we should be getting and that the other guy is getting more than what he rightfully deserves.
Bohanon & Curott: Stimulus payments add to growing debt problem
Currently, the U.S. national debt is over $28 trillion—that’s $85,000 per person and $224,000 per taxpayer.
Bohanon & Curott: Eventually, COVID-19 restrictions must be relaxed
We all do things that risk death. Over 300 people die each year from falling off ladders. Yet any homeowner will attest to the benefit of having a ladder.
Economic Analysis: Why hasn’t inflation increased with more money?
While there are numerous explanations, here is one we find most important and convincing: Most of the new money is simply sitting in accounts commercial banks have at the Federal Reserve drawing interest.
Bohanon & Curott: Reversing European trade policies is good policy
Freeing up and encouraging trade is crucial for spurring the economy, which is still recovering from the worldwide pandemic.
Bohanon & Curott: Price mechanism could help to distribute vaccines, boost economy
The price mechanism could be enormously useful in reallocating the vaccine from places where the capacity to vaccinate is lacking to places where it can be effectively used.
Bohanon & Curott: There’s no good argument for increasing the minimum wage
If there is a local labor-market monopsony, an increase in the minimum wage can potentially raise wages and increase employment.
Indiana should see some economic recovery this year, economist says
Indiana’s economy should start to recover this year from the damage of COVID-19, but the economy likely won’t fully rebound until late 2022 or early 2023, a Ball State University economist says.
Bohanon & Curott: Indiana’s forfeiture laws should be reformed
Economists observe that letting law enforcement keep seized assets gives them a motive to spend more time and effort pursuing asset forfeiture and less time fighting crime.